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Home / What's New / Let foreigners set up LLPs in areas open to FDI

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Let foreigners set up LLPs in areas open to FDI

The finance ministry has pitched for allowing foreigners to set up Limited Liability Partnerships (LLPs) in all the sectors open to foreign direct investment.
The ministry has written to the department of industrial policy and promotion, or DIPP, government body that frames foreign investment policy, to expeditiously take up the issue. “Allowing foreign direct investment in LLPs in line with the sectoral limits will encourage foreign investment and not complicate the current regulatory regime,” said a finance ministry official.



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